Can I get an idea of terms people have out there for lending on small multi-family properties in south FL? What I am hearing locally is a little high (interest and points), so I'd like to know what others have seen. L...

I am looking to obtain a mortgage to begin my purchasing my first property. I do not have great credit. I am somewhere around 600 credit score. My current strategy is to obtain a mortgage for a townhouse for me to mov...

Hi All,
Does anyone have a local lender that will lend on appraised value? I'm looking at Chicago south suburb SFHs buy and hold 15-30 year fixed and was curious if any lenders even have that option available.
Tha...

I'm going to be hard lending money for the first time and I need some pointers. I've inspected the property with the lendee and I'm comfortable lending her 80% of the value. She's buying the property for 125k and I'm ...

I recently listed a rental and got an offer from someone to pay $250 more per month than what we listed for. I want to be ethical and legal, and haven’t found anything that states otherwise, but wanted to check with a...

Looking for information regarding funding a home renovation project in order to start house hacking. Here are the details:I recently purchased my first STR property. It's going well but I'm house poor and I don't want...

(Thanks for any replies in advance!)Not quite sure how to title this post so I hope those in the know will see and respond.  * my husband and I have excellent credit* other than our one mortgage on our (personal) resi...

Hi, I'm getting a conventional 30 year loan on a $250k townhouse, 20% down, fixed rate. I'm working with a small lending firm (recommended by my RE agent) and we're getting close to "locking" the interest rate. The le...

Arguably, one of the 1st steps in commercial is to have a seasoned LLC to be able to get financing. I've been researching the main differences between traditional mortgages for residential and commercial lending and j...

Hello BP Community!
I am seeking some advice on my first deal.  It is a for sale by owner multifamily unit in Chicago and I feel the seller is motivated (retiring and leaving the country). The seller is requesting I ...